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109-111 N State St
Jackson, MS 39201
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Lots of natural light
- Flexible floor plan
- Open plan with exposed brick walls
EXECUTIVE SUMMARY
For Sale: Prime Investment Opportunity in Jackson’s Historic Spengler's Corner District
Located in the heart of downtown Jackson, Mississippi, this property offers a unique investment opportunity within the highly sought-after Spengler’s Corner Historic District. Comprising two distinct spaces, this mixed-use building provides a stable income stream with the potential for additional value creation.
Ground Floor: The ground-floor space is currently leased to Offbeat Records, a well-established and popular local business that has become a fixture in the community. This lease provides immediate cash flow and a reliable tenant in a vibrant, high-foot-traffic area.
Second Floor: The second floor offers a versatile office/loft/creative space that can easily be adapted to a wide range of uses, from professional offices to artist studios or co-working spaces. Featuring an open layout with natural light and historic charm, this area presents a perfect opportunity to attract tenants seeking an inspiring and functional environment. The space is ready for lease and can be tailored to meet the needs of a variety of businesses.
Parking: Separate parcel (33-33) with 5 spaces conveys with purchase of building.
Why Invest Here?
• Prime Location: Situated in the Spengler’s Corner Historic District, this property is in the center of downtown Jackson's revitalization efforts, with easy access to major highways, public transportation, and a mix of local dining, retail, and cultural attractions.
• Stable Income: The ground-floor tenant, Offbeat Records, is an established business with a solid track record, providing immediate rental income.
• Versatile Space: The second-floor space offers endless potential for customization, allowing you to capitalize on the growing demand for office and creative workspaces in downtown Jackson.
• Historic Charm: With its rich history and architectural character, this property is well-positioned to appreciate in value as downtown Jackson continues to grow and attract investment.
This is a rare opportunity to own a piece of Jackson’s historic downtown with built-in income potential and room for future growth. Whether you are a seasoned investor or looking to expand your portfolio, this property offers significant upside potential in one of the city’s most vibrant districts.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
Located in the heart of downtown Jackson, Mississippi, this property offers a unique investment opportunity within the highly sought-after Spengler’s Corner Historic District. Comprising two distinct spaces, this mixed-use building provides a stable income stream with the potential for additional value creation.
Ground Floor: The ground-floor space is currently leased to Offbeat Records, a well-established and popular local business that has become a fixture in the community. This lease provides immediate cash flow and a reliable tenant in a vibrant, high-foot-traffic area.
Second Floor: The second floor offers a versatile office/loft/creative space that can easily be adapted to a wide range of uses, from professional offices to artist studios or co-working spaces. Featuring an open layout with natural light and historic charm, this area presents a perfect opportunity to attract tenants seeking an inspiring and functional environment. The space is ready for lease and can be tailored to meet the needs of a variety of businesses.
Parking: Separate parcel (33-33) with 5 spaces conveys with purchase of building.
Why Invest Here?
• Prime Location: Situated in the Spengler’s Corner Historic District, this property is in the center of downtown Jackson's revitalization efforts, with easy access to major highways, public transportation, and a mix of local dining, retail, and cultural attractions.
• Stable Income: The ground-floor tenant, Offbeat Records, is an established business with a solid track record, providing immediate rental income.
• Versatile Space: The second-floor space offers endless potential for customization, allowing you to capitalize on the growing demand for office and creative workspaces in downtown Jackson.
• Historic Charm: With its rich history and architectural character, this property is well-positioned to appreciate in value as downtown Jackson continues to grow and attract investment.
This is a rare opportunity to own a piece of Jackson’s historic downtown with built-in income potential and room for future growth. Whether you are a seasoned investor or looking to expand your portfolio, this property offers significant upside potential in one of the city’s most vibrant districts.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,074 SF
Building Class
B
Year Built/Renovated
1920/2016
Price
$516,491 CAD
Price Per SF
$126.78 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,048 SF
Building FAR
1.87
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
Historic District - Historic District
Parking
5 Spaces (1.23 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0033-0006-000 | Improvements Assessment | $26,770 CAD |
| Land Assessment | $13,526 CAD | Total Assessment | $40,296 CAD |
PROPERTY TAXES
Parcel Number
0033-0006-000
Land Assessment
$13,526 CAD
Improvements Assessment
$26,770 CAD
Total Assessment
$40,296 CAD
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